The leu accelerated the trend of depreciation over the last week, due to the domestic political tensions, and separated from the regional evolutions. The Romanian currency is the only in Central and Eastern Europe which dropped against euro since the beginning of the year, show the data analysed by Profit.ro. Euro reached new historic levels against the leu at each of the last four meetings for tradings and which is closer to the threshold of 5 lei at the official quotation of BNR. The weakness of the leu is deepened by the political crisis which could end with the destruction of the governing alliance after the USR-PLUS ministers resigned from the Citu Cabinet. ‘ The government of the premier Citu is close to collapse. This influenced both the currency and the sovereign bonds’ showed a notice of Erste Research, quoted by Profit.ro. Euro increased with almost a quarter percentage point against the leu over the last week, while it was stable against the Polish Zlot and the Czech Krone and dropped against the Hungarian Forint by 0.4%. The Forint is on a growing trend, after the central bank increased the key interest and entered a cycle of strengthening of the monetary policy. The expectations of the analysts are that the central bank of Poland is going to increase the key interest, although the governor Adam Glapinski stated that it was not the case. The Romanian leu went the worst from the Central and Eastern Europe this year – euro increased against the Romanian currency by almost 2% while it dropped against the Zloty by 1%, by more than 3% against the Krone and over 4% against the Forint.
The Hanwha Group, a major South Korean arms manufacturer, intends to build an arms factory in Romania's southern Dâmbovița county within two years, with the prospect of it becoming a regional hub for systems, maintenance, and repairs. The announcement was made by Michael Coulter, CEO of Hanwha Global Defense, during a meeting with Romanian journalists. "In […]
The 10th edition of the Jazz in the Church festival will be held at the Lutheran Church in Bucharest from May 8 to 11, 2025, featuring a mix of artists recognized for their contributions to European jazz, as well as new artists. Among the major names on the lineup are Swiss artist Nik Bärtsch and […]
The famous Constanța Casino on the Romanian Black Sea coast has been fully restored and will be officially handed over to the Constanța City Hall in the coming days, the Ministry of Development has announced. The final inspection for the completion of the restoration work is scheduled for March 20, marking the last step before […]
Romania is one of five countries - alongside Bulgaria, Croatia, Italy, and Slovakia - where the executive has "deliberately undermined the rule of law in almost every aspect," according to a report by the Civil Liberties Union for Europe, or Liberties. Liberties launched its annual exercise in 2019 to track the European Commission’s rule-of-law reports, […]
Artiss Gallery is set to open a new exhibition, Temporal Harmonies: From Classical to Contemporary in Visual Art, at the Noblesse Palace in Bucharest on March 26. The event will feature a diverse selection of works from iconic classical painters like Theodor Aman to internationally recognized contemporary artists such as Adrian Ghenie. The exhibition highlights […]
Romania is assisting North Macedonia after the deadly nightclub fire on Sunday, March 16, by transporting four patients to hospitals abroad. The fire that broke out at a club in Kočani claimed the lives of at least 59 people and injured 155 others. The four young people in critical condition are being flown to Lithuania […]
